Here’s my Q&A column from the WSJ this week — and if you have any questions for me, you can tweet them to @danariely with the hashtag #askariely, post a comment on my Ask Ariely Facebook page, or email them to AskAriely@wsj.com.

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Dear Dan,

A few days ago I got out of a meeting and couldn’t find my car keys. I suddenly realized that I must have left the keys in the ignition. I forgetfully do that from time to time, and my husband scolds me for it. Frantic, I headed for the parking garage, only to discover that the car was gone. I immediately called the police. I later called my husband and told him, “I left the keys in the car, and it’s been stolen.” There was a moment of silence. He said, “Are you kidding me? I dropped you off!” Embarrassed, I said, “Can you come and get me?” And his response was, “I’ll be there as soon as I convince this cop that I didn’t steal your car.”

Should I expect more moments like this as I start to pass into my golden years? Any advice on how to make it less painful? 

—Pat

Memory is a gift that we don’t sufficiently appreciate until we start losing it. But appreciating memory isn’t helpful in figuring out what you can do to decrease memory loss.

The best tools are habit and repeated behavior. You may no longer be able to remember easily where you left your glasses or book the last time you used them, but if you always try to put them in the same place, the odds are higher that you will find them. Rehearsal is also useful: Repeating things multiple times helps to transfer them from short-term to long-term memory (with the risk of looking crazy if people see you talking to yourself). Another tool is to take notes that will bypass the need to rely on memory (aside from remembering to look at your note pad). A modern version of such notes is to use your phone to take pictures, which come with even more context around the item you are trying to remember.

Your story is highly amusing, so perhaps you can also try to see the funny side of these senior moments. In fact, if you can make a point of sharing them with your friends and family, you will benefit from remembering those happy moments, too.

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Dear Dan,

Many years ago a friend of mine asked me to lend her a substantial amount of money. At the time I was happy to help her, but now it has been years since I lent her the money. She has never mentioned it, and the shadow of this exchange is clouding our relationship. What should I do? Should I say something?

 —Mariel

Because you’re the one who loaned the money, you probably think that she ought to be the one to bring up the topic. The problem is that the asymmetry in your relationship makes it much, much harder for her to do this. Someone unquestionably should, though, and given the power dynamic I think it should be you. It might be a bit uncomfortable in the short run, but in the long run, it could save your friendship.

Next, the question is what to say. If you need the money, I would say something like, “A few years ago I was happy to loan you some money, but I’m trying to sort out my accounts in the next few weeks. I just need to know when would be a good time for you to repay me.” If you don’t need the money and are willing to give it to your friend, I would say something like, “A few years ago, you asked me for some money, and I just wanted to make sure that you knew I always meant it as a gift.”

Either way, the topic would be out, and you would have a better chance to resume your friendship.

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Dear Dan,

Why is the divorce rate so high?

—Jacob

It is hard to imagine we can be happy with any decision even a year down the line, much less 10, 20 or even 50 years later. Frankly, I am amazed by how low the divorce rate is.

See the original article in the Wall Street Journal here.

Here’s my Q&A column from the WSJ this week — and if you have any questions for me, you can tweet them to @danariely with the hashtag #askariely, post a comment on my Ask Ariely Facebook page, or email them to AskAriely@wsj.com.

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Dear Dan,

How can we get people to follow their long-term strategies when investing in the stock market? Many of my clients say they’re willing to take risks, but when the market goes down, they change their minds and ask me to sell. How do I get my clients to stick to their game plans and not break their own rules?

—Ganapathy

I suspect that you are asking about is the so-called “hot-cold-empathy gap,” where we tell ourselves something like, “I can handle a level of risk where I might get gains of up to 15% and losses of up to 10%.” But then we lose 5% of our portfolio, panic and want to sell everything. In such cases, we usually think that the cooler voice in our head (the one that set the initial risk level and portfolio choice) is the correct one, and we think that the voice that panics at short-term markets fluctuations is the one causing us to stray.

From this perspective, we can think about two types of solutions. The first option is to get the “cold” side of ourselves to set up our investments in ways that are hard for our “hot,” emotional selves to undo in the heat of the moment. For example, we could ask our financial advisers not to let us make any changes unless we’ve slept on them for 72 hours. Or imagine what would happen if our brokerage accounts had a built-in penalty every time we tried to sell right after a market dip. Such approaches recognize that our emotions flare up and make it harder for us to act on them.

A second option: You could try not to awaken your emotional self, perhaps by not looking at our portfolio very often or by asking your significant other (or financial adviser) to alert you only if your portfolio has lost more than the amount you’d indicated that you were willing to lose.

Either way, the freedom to do whatever we want and change our minds at any point can be the shortest path to bad decisions. While limiting our freedom goes against our democratic ideology and faith in human nature, such tactics are sometimes the best ways to guarantee that we stay on the long-term path.

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Dear Dan,

My boyfriend and I keep having terrible fights, with lots of verbal and emotional abuse on both sides. After each of these fights, we really hate each other. But a few days later, we become loving again—until we have another awful blowup after a few more days. I keep hoping that things will change and that these fights will stop. Am I being naive, or can people change?

—Amy

I’m sorry — this sounds very painful. You may be experiencing the ostrich effect: burying your head in the sand despite the accumulating evidence. Of course, this is hardly unique to your difficult situation. We all sometimes overestimate very small probabilities — hoping against hope that the real nature of the world (and people close to us) will be different from what we’re experiencing.

It is not easy to overcome the ostrich effect, but here’s one approach: Distance yourself from the situation and try to take “the outside view” — the perspective of someone not personally involved in this problem. For example, imagine that someone else was having this exact problem and described it to you in great detail. What advice would you give them? What if the person was someone close to you, like your sister or daughter?

Take the outside view, make a recommendation to this other person—and then follow your own advice. And good luck.

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Dear Dan,

What’s the best way to get people to stop smoking?

—Myron

The problem with smoking is that its effects are cumulative and delayed, so we don’t feel the danger. Imagine what would happen if we forced cigarette companies to install a small explosive device in one out of every million cigarettes—not big enough to kill anyone but powerful enough to create a bit of damage. My guess is that this would stop smoking. And if we can’t implement this approach, maybe we can get people to start thinking about smoking this way.

See the original article in the Wall Street Journal here.

Here’s my Q&A column from the WSJ this week — and if you have any questions for me, you can tweet them to @danariely with the hashtag #askariely, post a comment on my Ask Ariely Facebook page, or email them to AskAriely@wsj.com.

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Dear Dan,

For my birthday, my boyfriend gave me a rather expensive coupon for tandem sky diving. I could have used the coupon that weekend, when the sky diving season ended, but I chose instead to wait a few months for the new season to begin. My thought was that I’d be braver in the future and somehow mentally prepare myself. But can someone really prepare for something like this?

—Kinga

When we think about experiences, we need to think about three types of time: the time before the experience, the time of the experience and the time after the experience. The time beforehand can be filled with anticipation or dread; the time of the experience itself can be filled with joy or misery; and the time afterward can be filled with happy or miserable memories. (The shortest of these three types of time, interestingly, is almost always the time of the experience itself.)

So what should you do? In your case, the time before your sky diving experience will certainly not be cheerful. The time of the experience will also probably not be pure joy. At a minimum, you’re going to ask why you are doing this to yourself. But the time after the experience is likely to be wonderful (assuming that you get out of this alive), and you will get to bask in the way you conquered your fears and relive the view of Earth from above.

So your best strategy was to make the time before the experience as short as possible. It is too late now, but you should have just gone sky diving the moment you got the coupon, which also would have signaled to your boyfriend how much you appreciated the gift.

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Dear Dan,

Early in my career, I wrote a massive Excel macro for the large bank where I worked. The macro (a set of automated commands) would take a data dump and turn it into a beautiful report. It took about two minutes to run, with an hourglass showing that it was working away. The output was very useful, but everyone complained that it was too slow.

One way to speed up a macro is to make it run in the background, invisibly, with just the hourglass left on-screen. I had done this from the start, but just for fun, I flipped the setting so that people using the macro could see it do its thing. It was like watching a video on fast forward: The macro sliced the data, changed colors, made headers and so on. The only problem: It took about three times as long to finish.

Once I made this change, however, everyone was dazzled by how fast and wonderful the algorithm was. Do you have a rational explanation for this reversal?

—Mike

I’m not sure I have a rational explanation, but I have a logical one. What you describe so nicely is a combination of two forces. First, when we are just waiting aimlessly, we feel that time is being wasted, and we feel worse about its passage. Second, when we feel that someone is working for us, particularly if they are working hard, we feel much better about waiting (and about paying them for their effort). Interestingly, this joy at having someone work hard for us holds true not just of people but of computer algorithms, too.

The life lesson should be clear: Work extra hard at describing how hard you work to those around you.

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Dear Dan,

During a recent hotel stay, I tried to resist temptation but gave in and bought a $5 bag of M&M’s from the minibar. I know from research on pricing that paying a lot for something often makes you experience it as especially wonderful—but that didn’t happen with the M&M’s. Why?

—David

Research does indeed show that higher prices can increase our expectations, and these increased expectations can spur us to more fully enjoy an experience. But there are limits. First, you have probably had lots of M&Ms in your life and have rather set expectations about how good they can be. Second, some high prices are just annoying.

See the original article in the Wall Street Journal here.

StartupOnomics is an annual gathering to help startups think about human behavior. At the end of the weekend, attendees will walk away knowing how to move the needle on their biggest customer problems…and with some tangible ideas to test and implement immediately.

Apply to StartupOnomics if you are at a company that is trying to improve people’s lives in these ways:

• Helping people live better financial lives (save money, make money, pay off debt)
• Improving our education system, specifically early education system
• Addressing any of the variety of health issues facing society

Our ideal applicant:

• Smart
• Handsome *Good-looking ;)
• Good sense of humor
• Interested in applying principles of human behavior to help solve big problems
• The company is doing consumer focused products or services
• You are a product leader, designer, marketing manager or data analyst.   Two people from your team should plan on attending if you are accepted.

*Please not that the term “handsome” was not meant to exclude females, and that we would be happy with both good-looking males and females.

Apply Here by July 7th

Here’s my Q&A column from the WSJ this week — and if you have any questions for me, you can tweet them to @danariely with the hashtag #askariely, post a comment on my Ask Ariely Facebook page, or email them to AskAriely@wsj.com.

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Dear Dan,

—Richard

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Dear Dan,

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Dear Dan,

See the original article in the Wall Street Journal here.

Here’s my Q&A column from the WSJ this week — and if you have any questions for me, you can tweet them to @danariely with the hashtag #askariely, post a comment on my Ask Ariely Facebook page, or email them to AskAriely@wsj.com.

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Dear Dan,

I work for the central organization of a large church, and my job includes dealing with “crooked” priests of one form or another. For now, let’s think only of the embezzlers, of whom there are, sadly, far too many.

This got me thinking about the experiment you and some colleagues ran a few years ago, which showed that levels of cheating plummeted when participants were asked to recall the Ten Commandments right before taking a test. As you wrote, “reminders of morality—right at the point where people are making a decision—appear to have an outsize effect on behavior.” 

Your own Ten Commandments experiment suggests that a priest who, as a matter of daily or weekly ritual, recites religious teachings should be highly moral. But I see every day that this isn’t so.

What’s going on here? Can repetition cause “creed fatigue”?

—Simon

As you pointed out, our experiments show that people became more honest when we got them to think about the Ten Commandments, swear on the Bible (which, interestingly, worked for atheists too) or even just sign their name first on a document.  But our experiments were a one-shot exercise, and we don’t have data about what would happen if we repeated them over time.

Even so, I would guess that as such actions (including rituals) become routinized, we would stop thinking about their meanings, and their effect on our morality would drop. This is why I recommend that universities not only set up honor codes but have their students write down their own version of that code before writing each exam and paper—thereby minimizing the chances that these could become thoughtless habits.

Such procedures would be hard to implement in a religious setting, of course, so I’m not sure I have an easy answer for you or your church. Maybe your role should be to try to give the priests more clear-cut rules, reduce their ability to rationalize their actions and eliminate conflicts of interests.

Still, on a more optimistic note: Have you considered the possibility that these rituals are in fact having a positive effect—and that without them, these individuals would behave far worse?

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Dear Dan,

Out at a bar recently, I met someone who told me that he did not believe in the soul. I immediately asked him if he would sell his to me.  We ended up agreeing on a price of $20. I paid up, and he wrote a note on a napkin giving me his soul.

Now, I don’t believe in an afterlife, but I also can’t help but believe that there is an exceedingly small chance that a soul could have an infinite value. So $20 seemed a reasonable hedge. Did I pay too much, or did I get a good deal?

—Carey

Well haggled. Your logic here is reminiscent of what is known as Pascal’s Wager, after the philosopher who figured that if there was even a small probability that God and heaven exist (which means infinite payoff for being good), the smart move is to live your life this as it were true. But you got a good deal here for three other reasons. First, discussing this trade had to have been far more interesting than the usual bar chitchat, so if you value the quality of your time, the $20 was a good investment even if souls turn out not to exist. Second, you now have a great story to reflect on for a long time, which is also worth a lot.  And finally, you are now the proud owner of a soul.  But if all of these reasons don’t convince you, send me the soul, and I’ll pay you back for it.

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Dear Dan,

At what point do people have to “act our age”? At 73, my wife and I still enjoy our sex life, are physically active and dress the way we did when we met more than 30 years ago. But most of our contemporaries dress like old people, act with gravitas and aren’t doing well in the weight department. What to do?

—Aaron

Move to Berkeley.

See the original article in the Wall Street Journal here.

The Truth Box is a traveling story booth where we invite participants to share the truth about a lie they’ve told. These personal stories will be recorded and ultimately shared online. The Truth Box installation recently premiered at the Games for Change Festival, and is now in YouTube’s reception area in the Chelsea Market (75 9th Avenue) in New York City. If you are in the area, stop by and share your truth!

Sometimes the Wall Street Journal does not like my responses, but I would like to share this one with you, my loyal readers. You will not find this in the official Ask Ariely column.

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Dear Dan,

What do you make of the recent boycotts of Israeli Academics by organizations such as the American Studies Association?

—Karen

I want to make sure that I am careful and not too emotional in this response, so please forgive me if I am extra cautious in expressing my underlying feelings. With this disclaimer, here it goes: I think it is one of the most stupid and counter-productive moves imaginable (yes, this was reserved).

In my mind, academics represent the best example of a functioning international community. Academics cross social, economic, cultural, political, and ideological boundaries. We teach students from all over the world, we work with colleagues from all over the world, we build our work on the research of other colleagues, and we often work on problems that are global in nature.

With this in mind, when an organization such as the American Studies Association comes out with a call to boycott all Israeli academics – myself included – I am left with the feeling that I have severely underestimated the potential for human stupidity.

Hoping for a better day and more wisdom

Irrationally yours,

Dan

Here’s my Q&A column from the WSJ this week — and if you have any questions for me, you can tweet them to @danariely with the hashtag #askariely, post a comment on my Ask Ariely Facebook page, or email them to AskAriely@wsj.com.

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Dear Dan,

—Amanda

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Dear Dan,

—Syed

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Dear Dan,

—Henry

Facebook’s “Like” button is much more than a way for us to react to other people.  It is a social-coordination mechanism that tells us how we can respond. It gives us feedback on what is OK (and not OK) to post and generally tells us how to behave on Facebook.  Adding buttons such as “Dislike” or “Hate” would probably destroy the social network’s positive atmosphere. But I’d favor adding a button for “Love.”

See the original article in the Wall Street Journal here.

Procrastination (from the Latin pro, meaning for; and cras, meaning tomorrow) is one of our most common, but least welcome, partners in life. In its most common form, procrastination takes place whenever we promise to finish a project by the end of the week, just to watch deadline zoom by. But, more broadly, procrastination is also why we decide to start saving more money, exercise more regularly and watch our diet—but fail to follow through time after time.

To consider procrastination in a general way, imagine I asked you to smell some amazing chocolate and then gave you the following choice: would you rather have half a pound of chocolate right now or one pound of it in a week from today. When asked the question this way, most people take the smaller amount of chocolate right now, implying that it is not worthwhile to wait a week for another half a pound of chocolate. But, what if I focused on the distant future and asked you if you would rather have half a pound of this chocolate a year from now or a pound of the same chocolate in a year and a week from today? When asked the question this way, most people say they would be happy to wait the additional week. Both setups are really asking the same question: is it worthwhile for you to wait a week for another half a pound of chocolate — but they don’t feel like the same question. In the first scenario we can almost taste the chocolate and want it right now, but in the second scenario we are not emotional and just think about the value of the larger amount of chocolate relative to the cost of waiting a week.

This is what procrastination is all about. When we think about our life in general we see the benefits of getting our work done on time, saving for retirement, eating better and other good habits. Yet when we face the decision about right now, we get tempted and too often follow our immediate desires and not what it is good for us in the long-term.

Why am I discussing procrastination? It’s never more apparent than on April 15, which should really be called Procrastination Day, when hoards of people finally file their tax returns. Tax Day is a natural celebration of procrastination. I hope we will use the lessons from this day to reflect on procrastination, and hopefully learn something.

One such lesson is the link between procrastination and diminished productivity. Imagine it is the first of April, and you have to work on your taxes. You have an amount of paperwork that would take you 15 days to complete if you worked on it for one hour a day. On the first of the month you are not that excited about looking at all the receipts and forms so you direct your attention to something else. The next day you work on your taxes a bit, but at some point you open Facebook, and the hour you dedicated to the task is gone. The next few days have their temptations, and on the 13th of the month you realize that you have made very little progress so far. Now, if you worked on your taxes for an hour every day, it would take 15 hours of your time, but the nature of productivity is such that we get a lot of output in the first hour on a task, less during the second hour, less in the third hour and so on. (This is what is called diminished productivity.) So now, the amount of work that you could have done in 10 sessions of one hour each would take you not 10 hours but 20. You spend most of the day on the 13th, 14th and 15th working very hard and making slow progress. You finish at some point late on the 15th and rush only to spend hours in the post office to mail your taxes to the IRS. You promise never to do this again, to start early next year and not procrastinate – but will you?

So, let’s take advantage of this massive experiment. (You can’t convince me that the US tax system and Tax Day are not part of a large scale experiment by some evil social scientist!) Let’s make a promise to be better about our finances, taxes and procrastination in general. Let’s make a pledge to put time on our schedules to start large tasks earlier and stick to our plans. (And while we are at it, let’s also remember that we are often overly optimistic about what we can achieve, and buffer our plans by 20-25% to compensate for this bias.)

The point is that when it comes to the different types of procrastination, we are our own worst enemies. We are paying a high price for this behavior, and it is time we start controlling this beast.

Happy Procrastination Day.